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Thursday, July 03, 2014

ECRI USFIG at 70-Month High - Inflation Pressures Continue Higher

On Thursday, July 3, 2014, the Economic Cycle Research Institute (ECRI), a New York-based independent forecasting group, released its latest readings for its proprietary U.S. Future Inflation Gauge (USFIG) for June 2014. The value of the USFIG lies in its ability to measure underlying inflationary pressures and thereby predict turning points in the U.S. inflation cycle.In today's release, July 3, 2014, ECRI reported USFIG rose to 105.5 in June from the May reading of 105.0.

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Lakshman Achuthan,ECRI's managing director, said "With the USFIG trending up and hitting a 70-month high in June, underlying inflation pressures have risen further."